Dialog Semi declines comment on Huawei shipments

FRANKFURT: Anglo-German chip designer Dialog Semiconductor declined to comment on Monday when asked whether its shipments to Huawei had been affected following a crackdown on the Chinese company by the U.S. administration.

The Nikkei Asian Review reported earlier that German chipmaker Infineon had suspended shipments after the Trump administration added Huawei to a trade blacklist, sending European chip stocks lower on Monday.

Frankfurt-listed Dialog specialises in power-management and low-energy Bluetooth applications used in smartphones. It has sought to diversify away from its reliance on Apple and counts Chinese smartphone makers as key clients.

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After PSU banks, the government is likely to infuse capital in two chronically ill telecom PSUs BSNL and MTNL, and the Union Cabinet is likely to take a decision on 4G spectrum allocation to them by the third week of the current month after DoT places the note before it for consideration.

At a high-level meeting at the PMO late Tuesday, it was also decided that the two telcos will frame a Voluntary Retirement Scheme (VRS) to reduce their employee strength, which will be followed by a reduction in the retirement age to 58.